Screen and approve all residences over the age of 18.

I have posted the listing on all major sites like Zillow, FB marketplace, apartments.com, Craigslist, RentRedi and have had my contractor put flyers all over the place.

I'm in the Phoenix market, you can still find good prices off/on market and get good spread on deals all over out here.

Pets are property so they must meet all state and local regulations.   

Hi all!

You came to the right place to learn all about real estate investing!

If I advertise my unit on the open market for $1500 per month and a section 8 tenant is interested and gives me their packet and I fill out the packet stating the rent I am charging is $1500, there is no surprise side deal because all parties are aware of the rent I am charging.

I did something similar to this, and all I can say is please find a good CPA who knows STRs.

It is increasingly common for a PM to charge a "leasing fee" which covers all the costs of marketing, showing, screening, placing tenant under contract, collecting deposit and rent, setting up utilities, getting the tenant placed, etc.If the PM can't justify the cost, then they shouldn't be charging it.

Unless you are a veteran or using a DPA program all loan products require some skin in the game (down payment) and that is how most people start their portfolios.